About SWJRX
Schwab Monthly Income Fund – Target Payout is a multi-asset mutual fund designed to deliver a steady stream of current income, while also aiming for capital appreciation as a secondary objective. The fund pursues a targeted annual payout of approximately 5% during most market environments, making it particularly suitable for those seeking regular, predictable monthly distributions. Its portfolio maintains a balanced allocation of roughly 50% equity and 50% fixed income, combining exposure to dividend-oriented stocks, high-yield and aggregate bond instruments, global real estate, preferred securities, and money market funds. Investments are made through a blend of Schwab and Laudus mutual funds and ETFs, diversifying across asset classes and sectors. Managed with input from Schwab Asset Management, Cohen & Steers, and T. Rowe Price, the fund emphasizes low costs and broad diversification. With no minimum investment required, it serves a role as an accessible, income-focused solution for a wide range of income-oriented investors in the global allocation category.
Fund Family Schwab
Category Ret Income
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol SWJRX
Index S&P 500 TR
SWJRX had a total return of 17.53% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.75%.
